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Strategy

  • Grocery exec joins supply chain board

    Former Delhaize America CEO and Hannaford Bros. executive Ronald C. Hodge has joined the board of the Park City Group.

    Hodge most recently served as an advisor to Delhaize America following a stint as CEO from March 2011 to Octomber 2012. Prior to Delhaize, Hodge spent 31 years with Hannaford Bros. Co., during which time he held various executive roles, including the position of CEO from 2001 to 2011.

  • Discount sector posts strong January showing

    New York -- There were few missteps among the discounters in January, as most posted strong results, many surpassing Wall Street expectations.

    Target reported a same-store sales rise of 3.1%, topping Wall Street expectations. Total sales surged 29.6% to $5.97 billion in January.

  • Hhgregg goes head-to-head with online retailers

    INDIANAPOLIS — Hhgregg announced that it has launched a “Price Match Guarantee” to ensure that its customers receive the lowest advertised prices on merchandise both in stores and online, for up to 30 days after the date of purchase.

  • Survey: Majority of shoppers to spend up to $100 on Valentine's Day gifts

    Los Angeles -- Survey results released Thursday by PriceGrabber found that 62% of consumers plan to spend as much as $100 on gifts for Valentine’s Day, down from 68% in 2012. However, 36% plan to spend more than $100 compared with 28% last year.  

  • E-commerce now 10% of total retail sales

    Online sales returned to pre-recession growth levels in 2012, advancing 15% to a record $186.2 billion, according to a year end recap by online measurement firm comScore.

  • Verizon Communications elects Walgreens chief Greg Wasson to board

    New York -- Verizon Communications on Thursday elected Greg Wasson, Walgreens president and CEO, to the Verizon board of directors, effective March 1.

    "Greg Wasson brings to Verizon an in-depth knowledge of the retail and healthcare industries," said Lowell McAdam, Verizon

    chairman and CEO. "He offers a unique perspective as the leader of a successful Fortune 50 company focused on innovation,

    traditional and nontraditional growth, operational and technical excellence, and multichannel integration.”

  • Fred's looking toward accelerating pharmacy growth in 2013

    MEMPHIS, Tenn. — Fred's Super Dollar on Thursday reported sales for the five-weeks ended Feb. 2 were up 31% to $173.6 million. Comparable-store sales were up 28.6%. 

    On an adjusted basis, which eliminates the one week ended Feb. 2, sales were up 2% and same-store sales were flat, Fred's added. 

  • Macy's, Kohl's post positive comps

    NEW YORK — Department store retailers reported strong sales in January as shoppers responded positively to post-holiday clearance events.  

    Overall, the 20 retailers reporting January comps saw an average rise of 5.1%, according to the International Council of Shopping Centers, which beat the mall trade group’s 3% forecasted rise.

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